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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: John Stichnoth who wrote (22610)	4/13/2000 2:58:00 AM
From: the dodger	Respond to of 54805

John...I added a 100 shares to my QCOM position today...and let me tell you why... If they hit their projected earnings next year of a $1.40 a share-- and I've seen nothing recently in the news to suggest they won't -- that means they'll take $990MM to their bottom line in 2001. And if they continue to grow earnings at 30% for the next eight years -- and everything I read suggests that that's probably on the conservative side of estimates -- then they'll be earning $10.5 billion in the year 2010. And that's what I bought today -- I didn't buy QCOM stock at 125 -- I bought QCOM's earnings in the year 2010. And those numbers work out to a $14.85 EPS. Now I'd be lying to you if I said I knew what their PE ratio was going to be in the year 2010 -- nobody knows -- but I know as long as it's above 8.4, then I make some money...and if it's 84...then I make a LOT of money. Keep your EYES on the PRIZE. Quit worrying about about the day-to-day stock performance...focus on the company's performance, and right now, QCOM has a gorilla-like grip on CDMA technology worldwide. "the dodger"